5 Best Performing Growth Stocks in January 2024

2. NVIDIA Corporation (NASDAQ:NVDA)

Year To Date Share Price Gain: 26.70%

Number of Hedge Fund Investors In Q3 2023: 180

NVIDIA Corporation (NASDAQ:NVDA) is in no mood to stop its share price gains this year. Its CEO Jensen Huang reiterated optimism about the A.I. industry in January 2024, when he characterized the technology as the “rebirth” of the semiconductor sector.

Insider Monkey scoured through 910 hedge fund portfolios for their September quarter of 2023 shareholdings to discover that 180 were the firm’s investors. NVIDIA Corporation (NASDAQ:NVDA)’s biggest hedge fund stakeholder is Rajiv Jain’s GQG Partners as it owns a $6.1 billion stake.

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